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Returning Member
posted Apr 4, 2024 8:00:20 PM

1099-NEC

Hi, I received a 1099-NEC from my current employer (I am a full-time employee) for a year-end bonus. Can I report the income on this 1099-NEC form as other income and not self-employment income?  Will I get myself in trouble if I do so? Thanks a lot!

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2 Replies
Expert Alumni
Apr 4, 2024 8:27:54 PM

There are boxes you can mark on the 1099-NEC entry screen to indicate the income is not self-employment.  On the follow-up questions, you will be asked about any uncommon situations that apply.

 

If you mark the box that says this should have been reported on a w-2, TurboTax will report the income as wages, generate Form 8919 and no Schedule C.  

 

The option that says this is hobby or sporadic income and is not self-employment (uncommon) will report the income as Other Income, and not produce Form 8919 or Schedule C.    @Monrovia 

 

[Edited 04/5/24 | 2:11 PM PST]

Level 2
Apr 5, 2024 12:05:33 PM

Are you a W2 employee of this employer and this is just for the bonus?

Then in that case just report it as other income.

You do not have to do a Schedule C as if you have a business.